That is the kind of growth buyers want to see before they pull the trigger.
(PLCM) yesterday bought Accordent which had revenues of $9M at the end of 2010. It sold for $50M or a valuation metric of 5.55x Sales.
This shows how high the premiums Cloud -Based stocks demand today because of the massive growth in the Cloud Sector expected this decade.
Polycom Announces Acquisition of Accordent TechnologiesAcquisition Enhances Polycom's UC Offering With Award Winning Customer-Premise and Cloud-Based Video Content Management Solution